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Archive for May 11th, 2015

Australian Studies Confirm TRXE-009 Kills Resistant Paediatric Brain Cancer Cells

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SYDNEY and SAN DIEGO /PRNewswire/ — US-Australian drug discovery company, Novogen Limited (ASX:NRT; NASDAQ:NVGN), in conjunction with Australian paediatric cancer researchers, released key pre-clinical data on experimental cancer drug-candidate, TRXE-009, confirming its potential to become an important new therapy against an incurable paediatric brain cancer called DIPG (diffuse intrinsic pontine glioma). The data was presented by David Ziegler MD PhD and Anne Kankean PhD of the University of New South Wales/Children’s Cancer Institute at the 3rd Biennial Conference on Pediatric Neuro-Oncology Basic and Translational Research in San Diego, 7-8 May 2015.

DIPG has a very poor prognosis with a median survival of less than one year, a statistic that has not changed in over 50 years. DIPG is amongst the most challenging cancers to treat; the diffuse nature of the cancer means that surgery is not an option, radiation provides only temporary relief, and chemotherapy has yet to provide any clinical benefit.

The latest study looked at the ability of TRXE-009 to kill freshly established patient-derived cell cultures collected from patients with DIPG. The studies indicate that TRXE-009 kills DIPG cells at therapeutically relevant concentrations by inducing a specific type of cell death – caspase-dependent apoptosis. In contrast to its pronounced effect on DIPG cancer cells, normal brain astrocytes are affected only at much higher concentrations of TRXE-009, confirming data seen with other cancer cell types that TRXE-009 has a high therapeutic index and is able to target cancer cells at concentrations that have little effect on normal cells.

Lead Investigator David Ziegler said, “These are preliminary studies but we are very excited about the striking activity we are seeing in these highly resistant tumorspheres. TRXE-009 is one of the most potent compounds we have studied to date in this setting.”

Novogen Trilexium Program Manager, Eleanor Ager, PhD said, “These findings add to our other pre-clinical studies suggesting that TRXE-009 has particular activity against brain cancers, including being highly cytotoxic against the main adult brain cancer, glioblastoma multiforme (GBM). The next step in this drug’s development is to confirm its ability to cross the blood-brain barrier, a key filtering system that blocks the majority of chemotherapeutic drugs from reaching brain tissue”.

TRXE-009 has been designed to cross the blood-brain barrier, but Novogen has further enlisted the combined efforts of several international research groups to identify the optimal means of delivering TRXE-009 to adults and children so that it crosses the blood-brain barrier.

Novogen Group Chief Executive Officer Graham Kelly, PhD said, “DIPG is a devastating disease for affected children and their parents alike. I don’t want parents to think that this battle is won, because we have yet to make sure we can deliver this drug candidate at levels that that will make a difference. But what is important is to give parents of children with DIPG hope, and that is what this news hopefully does.”

“TRXE-009 is an exciting prospect. It is broadly active against a wide range of cancers in the laboratory, including cancer stem cells, and on the basis of it delivering a potent anti-cancer effect in animals bearing human melanoma, we are bringing into the clinic in 2016 for the treatment of solid cancers. But in addition to a general anti-cancer use, the ultimate objective is to see it tested in adults and children with brain cancers, and people with secondary brain cancer associated with cancers such as melanoma.”

About TRXE-009

TRXE-009 is a super-benzopyran compound that demonstrates cytotoxicity against cancer cells, but particularly activity against cancer cells with stem-cell like activity. The molecular target is undefined for this molecule, but is believed to be in common with other members of this family of compounds in blocking trans-membrane electron transfer mechanisms, leading to caspase-induced apoptosis. TRXE-009 is a product of the Company’s VAL-ID (Versatile Approach to Library-based Iterative Design) drug discovery process, with a structure-activity relationship driving design based on activity against brain cancer stem cells and the known required chemical criteria to facilitate passage across the blood-brain barrier.

About Trilexium

Trilexium is the name given to a proprietary parenteral formulation of TRXE-009 selected for its ability to maximize systemic drug delivery and effectiveness in pre-clinical rodent models of human cancer.

About Novogen

Novogen is a public, Australian-US drug development company whose shares trade on both The Australian Securities Exchange (NRT) and NASDAQ (NVGN). The Novogen group includes US-based, CanTx Inc, a joint venture company with Yale University. Novogen has two drug technology platforms yielding drug candidates that are first-in-class with potential application across a broad range of degenerative diseases. In the oncology field, the ultimate objective is to see both drug technologies used in combination as first-line therapy across most forms of cancer, with the objective of preventing tumor recurrence. This objective is based on a strategy of achieving comprehensive destruction of the full hierarchy of cells within a tumor with the super-benzopyran technology platform killing the tumor-initiating cells and the anti-tropomyosin technology, combined with vinca alkaloids, to deliver a potent chemical debunking effect on their daughter cells.

For more information, please visit www.novogen.com

 Corporate Contact

Dr. Graham Kelly

Executive Chairman & CEO

Novogen Group

Graham.Kelly@novogen.com

+61 (0) 2 9472 4100

Media Enquiries

Cristyn Humphreys

Chief Operating Officer

Novogen Group

Cristyn.Humphreys@novogen.com

+61 (0) 2 9472 4111

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Novogen Limited (“Novogen”) are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as ‘may’, ‘could’, ‘should’, ‘would’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’ or ‘intends’ and other similar words that involve risks and uncertainties.

Such statements relate to future events and expectations and as such involve known and unknown risks and uncertainties. These risks and uncertainties include, among other things, market conditions, weather risks, economic and political risks.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Novogen, its directors and management, which could cause Novogen’s actual results to differ materially from the results expressed or anticipated in these statements.

Novogen cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Actual results, actions, and developments may differ materially from those expressed or implied by those forward-looking statements depending on a variety of factors.

Novogen does not undertake to update or revise forward- looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing requirements.

Source: Novogen Ltd
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Written by asiafreshnews

May 11, 2015 at 6:02 pm

Posted in Uncategorized

Volvo Cars’ New Beginning Brand Campaign Featuring Avicii Goes Live

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GOTHENBURG, Sweden, May 8, 2015 /PRNewswire/ —

Volvo Cars’ and Avicii’s new video goes live on today at 20:50 CET. You can see the  video here .

The creative collaboration between Swedish artist/producer Avicii and Volvo Cars for their new brand campaign features a reworking of the classic song Feeling Good. Filmed on location in Stockholm and Osterlen, southernSweden, the video visits places of personal significance for Avicii and tells his own story of renewal, following several years of hard touring. The video also features members of his family and close friends.

Volvo Cars and Avicii’s love of Swedish calm and nature is clearly reflected in the new brand campaign
Volvo Cars and Avicii’s love of Swedish calm and nature is clearly reflected in the new brand campaign

To view the Multimedia News Release, please click:

http://www.multivu.com/players/English/7522051-volvo-cars-new-beginning-avicii/

“In the past six years I have been on a never-ending tour, apart for the last nine months during my time-out. I did around 325 shows in a year with traveling on top of that. It couldn’t continue. In the end I had to re-evaluate my situation and change my lifestyle. Sweden is an important place to me, it’s where I gather my strength and energy with family and friends. This whole process of re-evaluation and renewal is what Volvo encouraged me to visualise in the video. I think we did a great job together,” said Avicii.

The song Feeling Good was initially picked as a proposal by Volvo Cars. The arrangement has been produced by Avicii, with Audra Mae on vocals.

“It’s great to work with Audra Mae again. She has a powerful and emotionally charged voice and is steeped in the folk and country music traditions. She most recently worked with me on the True album, taking some of her first steps into electronic music with the track Addicted To You. Audra’s soulful delivery breathes new life into this classic track. I’m very pleased with the result,” said Avicii.

The release of the video, which features the new XC90, marks another step in Volvo Cars’ brand transformation and reflects a new direction for the Swedish luxury car maker.

“We were delighted to have the opportunity to work so closely with Avicii on this campaign, as it reflects something that is happening for both Avicii and for the Volvo Cars brand. We are entering a new era – a New Beginning, as we have called the campaign. We have gone through several years of intense investment and we have refined our brand. The result is a new, more nimble and customer-responsive Volvo Cars,” said Alain Visser, Senior Vice President Sales, Marketing & Customer Service at Volvo Car Group.

Volvo Car Group in 2014

For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.

About Volvo Car Group

Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 465,866 in 2014 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

As of December 2014, Volvo Cars had over 26,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located inGothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skovde (Sweden) and Zhangjiakou (China) and body components in Olofstrom (Sweden).

Note to Editors:

A picture accompanying this release is available through the PA Photowire. It can be downloaded from http://www.pa-mediapoint.press.net or viewed at http://www.mediapoint.press.net or http://www.prnewswire.co.uk.

Contact:
Stefan Elfstrom
Media Relations Manager
Corporate Communications
Volvo Car Corporation
Dept. 50250/PVH50
Goteborg
Sweden
Telephone +46-31-3251878
Stefan.elfstrom@volvocars.com

Logo: http://photos.prnewswire.com/prnh/20140522/683630
Photo: http://photos.prnewswire.com/prnh/20150430/740309
Photo: http://photos.prnasia.com/prnh/20150508/8521502949
Video: http://www.multivu.com/players/English/7522051-volvo-cars-new-beginning-avicii/

Written by asiafreshnews

May 11, 2015 at 5:44 pm

Posted in Uncategorized

Server Technology Announced “Best Places to Work” for the Reno-Tahoe Area

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RENO, Nevada, May 8, 2015 /PRNewswire/ — Server Technology (STI), the industry leader for Power Distribution Units and Management Solutions, announced today that it is the winner in the annual “Greater Reno-Tahoe Best Places to Work” award in the large company category, 151-250 employees. The company winners were determined solely on the overall scores from confidential on-line employee satisfaction surveys administrated by Quantum Market Research. The surveys focused on criteria based on a satisfying working environment including: team effectiveness, trust with co-workers, manager effectiveness, feeling valued and people practices, among others.

Logo – http://photos.prnewswire.com/prnh/20150507/214616LOGO
Logo – http://photos.prnewswire.com/prnh/20150507/214659LOGO

Server Technology CEO Brandon Ewing stated, “Our company’s vision is to provide the highest quality cabinet power distribution units (PDUs), the best customer support, and to innovate more than any other PDU provider. Every employee’s role is instrumental in achieving this vision, therefore Server Technology makes every effort to support employees in creating an environment in which they can achieve their highest level of excellence and have fun too. I am honored that STI has received this award.”

Server Technology strives to maintain a family atmosphere for its employees. STI wants to provide a work place where employees look forward to arriving; where they feel like they belong; and where they are a part of something that helps build a successful company. STI believes that for employees to feel empowered and engaged in the success of the Company they must maintain a culture of “Work Hard Together, Play Hard Together.” As other companies get away from having parties Server Technology embraces the opportunity to take the time to celebrate, share news and have fun as a team. They join monthly on the production floor to give “Agility Awards” to employees who have gone beyond the call of duty; they celebrate at an annual Holiday and summer party with food drinks and an employee raffle. They also do their part to give back to the community by participating in local volunteer opportunities.

Server Technology offers its employee’s outstanding benefits with low cost and high quality medical, dental and vision insurance. Other employee programs include tuition reimbursement, 401k with company matching, and Company paid life and disability insurance.

Server Technology has been in business for over 30 years, provides power to the largest web companies in the world, and is growing faster than the market.

About Server Technology
Server Technology’s power strategy experts have provided power solutions for labs, data centers, branch offices and telecommunications operations for 30 years. Over 60,000 customers around the world rely on our cabinet power distribution units and award winning power management solutions to reduce downtime, facilitate capacity planning, improve energy utilization, and drive efficiency. With the best quality, best technical support and most patents, Server Technology products provide uncompromising reliability, innovation, and value for the datacenter. Only with Server Technology will customers Stay Powered, Be Supported and Get Ahead. www.servertech.com

Source: Server Technology

Written by asiafreshnews

May 11, 2015 at 5:36 pm

Posted in Uncategorized

Magna Announces 2015 Annual Meeting Results

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AURORA, Ontario, May 8, 2015 /PRNewswire/ — Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2015 annual meeting of shareholders held today. A total of 316,052,524 Common Shares or 76.99% of our issued and outstanding Common Shares (on a post stock-split basis), were voted in connection with the annual meeting. Shareholders voted by a show of hands in favour of each item of business. Based on proxies received prior to the meeting and votes cast in person at the meeting, each director nominee was elected by a substantial majority as follows:

Scott B. Bonham

99.55%

Peter G. Bowie

99.95%

Hon. J. Trevor Eyton

97.76%

V. Peter Harder

97.80%

Lady Barbara Judge

99.94%

Dr. Kurt J. Lauk

99.54%

Cynthia A. Niekamp

99.94%

Dr. Indira V. Samarasekera

99.86%

Donald J. Walker

99.95%

Lawrence D. Worrall

99.69%

William L. Young

99.26%

Additionally, Magna’s advisory “say on pay” vote received 92.76% support based on proxies received prior to the meeting and votes cast in person at the meeting. Full results of the votes are included as Appendix “A” to this press release.

ABOUT MAGNA

We are a leading global automotive supplier with 316 manufacturing operations and 87 product development, engineering and sales centres in 29 countries. We have approximately 133,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

Appendix “A”

VOTING RESULTS – 2015 ANNUAL MEETING OF SHAREHOLDERS

Resolution

Votes For

Votes
Withheld/Against

#

%

#

%

Elect Scott B. Bonham as Director

303,669,864.00

99.55

1,387,374

0.45

Elect Peter G. Bowie as Director

304,914,206.00

99.95

143,034

0.05

Elect Hon. J. Trevor Eyton as Director

298,227,310.00

97.76

6,829,930

2.24

Elect V. Peter Harder as Director

298,358,726.00

97.80

6,698,510

2.20

Elect Lady Barbara Judge as Director

304,872,390.00

99.94

184,848

0.06

Elect Dr. Kurt J. Lauk as Director

303,668,506.00

99.54

1,388,730

0.46

Elect Cynthia A. Niekamp as Director

304,877,170.00

99.94

180,070

0.06

Elect Dr. Indira V. Samarasekera

304,637,962.00

99.86

419,274

0.14

Elect Donald J. Walker as Director

304,917,294.00

99.95

139,942

0.05

Elect Lawrence D. Worrall as Director

304,116,222.00

99.69

941,018

0.31

Elect William L. Young as Director

302,799,498.00

99.26

2,257,742

0.74

Re-Appointment of Deloitte LLP as Auditors

314,672,392.00

99.56

1,380,094

0.44

Advisory Resolution on Approach to Executive Compensation

282,966,086.00

92.76

22,091,146

7.24

Note:
The share numbers above reflect the two-for-one stock split completed on March 25, 2015.

For further information:
Louis Tonelli, Vice-President, Investor Relations at +1-905-726-7035

Source: Magna International Inc.

Related stocks: NYSE:MGA

Written by asiafreshnews

May 11, 2015 at 5:29 pm

Posted in Uncategorized

Russian Journalist and Putin Biographer Talks to Industry Experts About the Next Generation of Air Travel and What it Can Do for the Future of the Russian Economy

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ZURICH, May 8, 2015 /PRNewswire/ — Prominent Russian Journalist and Putin Biographer, Mr. Alexander Korobko talks to Mr. Pascal Najadi, President of the Swiss Merchant Finance Firm, Najadi & Partners AG and Mr. Oliver Meier, Founder & President of Metropolitan Airlines, Zurich, Switzerland.

Mr. Alexander Korobko, CEO Russian Hour, Moscow, and Putin Biographer
Mr. Alexander Korobko, CEO Russian Hour, Moscow, and Putin Biographer

Question Alexander Korobko (AK): Mr. Najadi, you are seen in Russia as a doer, a promoter of foreign direct investment in to the Russian Federation for quite some time now. In January of this year you published a report, Is Russia really in Crisis? You were right with your assessment that Russia never was in a crisis but was facing a mere macro economic challenge to work harder. How do you see Russia performing today five months after your report? What are the most significant areas, economic sectors, that you are focusing on with your partners?

Pascal Najadi (PN): First let me answer the question on my last report. As I predicted the Russian Ruble regained much strength since January of this year in fact it has become the best performing currency to date now ranging around 50 to 51 per USD, back from the 60 and 70s, the short downward spike we saw end of last year. Reserves have seen a gain of USD 3 billion and the oil price has breached the USD 60 per barrel level. Let us not forget, and I repeat myself here, that the Russian economy is constantly diversifying and improving its productivity, its a steady evolutionary process that is taking place and its in my view, again, rather positive in the grand measure of things.

Now to your second question.There are three sectors that are at the core of our strategy. Transport-Tourism, Real Estate and energy sector projects. Whereby the latter is quite common as a first choice among global conglomerates I wish to highlight here the importance of transport and tourism investments for Russia. The transport segment in Russia that will see the most efficient implementation cost is and will be the air transport modules. I am speaking of connecting Russians with Russians via the air. President Putin and his government made clear statements about this very process going in to national implementation, spearheaded by Aeroflot.

The Russian Federation spans over a gigantic area of no less than 17.125 million square kilometers including Crimea, that is no less than 417 times the territory of Switzerland. One has to really look at this map and grasp this colossal staggering territory with huge distances and dimensions, nine time zones in one nation, this is the market, quite big indeed. To manage such colossal size of territory demands special skill, technology and discipline. Air transport is the most efficient cost transport module to connect Russians. Efficient airlines run a cost factor around USD 25 cents per offered seat kilometer, that cost beats all other transport implementation and operations costs such as railways or highways that would have to be newly built in to a very diverse and in large areas like Siberia, harsh topographic and meteorological circumstances. The ‘air factor’ as I like to term it here is the winning formula if implemented locally, modular and interconnected with the regions and the overall medium to long distance network offered of Aeroflot, a very good quality carrier one must say.

This leads us to look at another growth market, Tourism in the Russian Federation. This sector is highly promising. There are countless impeccable outstanding natural wonderland spots all over Russia that are and will be discovered by the global tourism market. Its a wonderful investment story developing with Hotels and Resorts that are sprouting up like mushrooms over time, a great vector to invest now into. Russia has it all, all climates all types of topographies and access to several seas, shorelines, lakes and rivers of immense beauty. I wish to highlight the magical lake Baikal here just as one of many examples or the Russian Far East, Petropavlovsk-Kamchatskiy where you can do Heli- Skiing in the morning on one of the Volcanoes, the Volcano 3456 is the dominant one when you look out of your Hotel room, 3456 being the meters of altitude of this prime example of a Volcano. Then in the afternoon you go to one of the lakes in the wilderness to observe the bears catching salmon at eye range from the safe distance on a bridge, a truly amazing spectacle to watch. In the Russian Federation there are countless such touristic examples that yet have to and will be discovered by the middle and upper class tourism market.

Mr. Oliver Meier, CEO of Metropolitan Airlines says: “Metropolitan Airlines is connecting people, cities and local economies. Most of the flights will allow day trips between our city pairs.”
Mr. Oliver Meier, CEO of Metropolitan Airlines says: “Metropolitan Airlines is connecting people, cities and local economies. Most of the flights will allow day trips between our city pairs.”

Question AK: Mr. Meier. You are the founder and President of the new Swiss Boutique Airline, Metropolitan Airlines planning to serve specific European destinations out of Zurich. Can you please explain your vision and how you have defined the niche.

Oliver Meier (OM): Metropolitan Airlines is connecting people, cities and local economies. Travelling through Europe’s regions is for many top of the list of problems; and this is especially true for people who have to travel for business. The demand for regional air connections is currently not met by the incumbent Network Airlines and Low Cost Carriers. Many regional routes between so called Tier- 2 cities have no direct flight connections. Metropolitan Airlines will offer direct travel solutions which are several times more convenient than alternative options; namely more competitive than connecting flights, trains, buses etc. Most of the flights will allow day trips between our city pairs.

Question AK: Can you explain to us if your unique new concept could also find fertile grounds and air in the Russian Federation?

OM: Looking at situation in Russia; yes I see very fertile grounds for our business model. Like anywhere in the world, the demand for air travel is rising in the Russian Federation. Flying is in most cases the best if not the only option travelling through this vast country. The Russian population would appreciate our affordable fares, the reliability of our services and the customer oriented attitude of our Metropolitan team members. So again; yes I am very confident that our business model would be a tremendous success in your country.

“Russia is over 417 times the territory of Switzerland, Air transport is the most efficient cost transport module to connect Russians,” says Mr Pascal Najadi.
“Russia is over 417 times the territory of Switzerland, Air transport is the most efficient cost transport module to connect Russians,” says Mr Pascal Najadi.

Question AK: Mr. Najadi, how do you rate the socio economic situation in Russia today?

PN: This is a question I am very happy to answer by first making a compliment to all Russians and specifically to the President of Russia, Vladimir Putin. I also had the pleasure reading the Biography PUTIN published by you and Mr. Hutchins in 2012, it helped me to much better understand the human, the Uber-Russian, the phenomenon Putin, a great book, compliments. In my view, and I have had the honor to advise several heads of states in other regions of the world in my career, President Putin has done a job second to none and this not only for the Russians that come first but also for the investment climate in Russia for us foreigners. We observe tremendous progress made in Russia over the last 15 years, specially in the realms of legal transparency.

Also important is the modernisation of the Russian Banking sector. If we look at Sberbank for instance, the largest bank majority owned by the Bank of Russia, we see a positive market adjustment, up to specs risk control and management and customer oriented bank product modernisation to standards of Western banks. It is indeed a fascinating process to witness. Never have I ever been able to witness such a colossal positive transformation process anywhere else in the world in such a relatively short period of time if one looks at evolution and her normal speeds in other cases.

Russia and Russians have achieved this through hard work, nothing came easy, to say it’s just the oil and gas wealth is only the half truth. If you look at Saudi Arabia or Nigeria you also see massive oil and gas flows but not even a mere hint of the socio economic progress that has been achieved in Russia by Russians with the wise, strict and open minded leadership of Putin, one really can make this compliment with good consciousness if one has had the chance to look, as I just mentioned, other scenarios around the world. Last but not least all this has been achieved without any aggression wars, unlike the American history that is marred with global wars and conflict, a bad example visible to each and every world citizen not needed to be a political science expert.

Q: Mr. Meier, you eloquently told us a great deal about your specific vision about air transport. Can you perhaps tell us a little more how you see your air transport vision connect to the infrastructure on the land, trains, cars and in some cases shipping per se?

OM: Commercial aviation is the backbone of any modern economy. In developing economies, such as the Emirate of Dubai, Aviation makes up about 27% of the GDP. In more diversified economies such as Switzerland, aviation contributes to about 5% of the GDP. When you compare ground based transportation with aviation you will find out that in most cases the investments for highways, roads and high-speed trains are significantly higher than the implementation of an airline service. The longer the travel distance the more pronounced this effect becomes. The high investments in longer range ground based transportation can often not be justified on economic grounds.

Question AK: Mr. Meier, can you elude a bit more about what makes or brakes a sophisticated air transport concept, what are the risks and where lie the opportunities?

OM: From an entrepreneurial perspective, very few industries offer such a high scalability as the airline industry does. The economies of scale are significant in this industry. However, from outside the airline business is often perceived as an easy and sexy business; especially the part about “easy” is clearly not the case. An airline requires a clear corporate mission, clearly defined target markets, a solid organization and last but not least a very strong management team with substantial airline industry experience. If these crucial points are not respected an airline can lose a lot of money very quickly.

Question AK: Last but not least, your airline safety – some say, the smaller airlines, whilst still safe, don’t quite reach the standards of top airlines?

OM: Nothing could be further from the truth. Airline safety does not depend on the size of the airline or the size of the aircraft operated, but it depends on the safety culture and management organization in the airline. Metropolitan Airlines will receive its Air Operators Certificate from the Swiss Federal Office of Civil Aviation which is well known in the industry for being very strict in monitoring and policing airline safety in Switzerland. We are however not satisfied with this already very high standard required by the authorities, voluntarily we invest more in flight safety than required. In example; we invest more in the training of our Pilots and other safety critical personnel than required by law. As President I make sure that everyone in Metropolitan Airlines understands that safety is paramount.

Question AK. Mr Najadi how would you summarize the current economic situation for Russia?

PN: The time for Russia to shine has come, we are proud to be part of this exciting socio economic progress.

Thank you.

Photo – http://photos.prnasia.com/prnh/20150508/8521502964
Photo – http://photos.prnasia.com/prnh/20150508/8521502964b
Photo – http://photos.prnasia.com/prnh/20150508/8521502964c
Source: NAJADI & PARTNERS AG

Written by asiafreshnews

May 11, 2015 at 5:22 pm

Posted in Uncategorized

Capital Dynamics names John Breckenridge as global leader of Clean Energy & Infrastructure team

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ZUG, Switzerland, May 8, 2015 /PRNewswire/ — Capital Dynamics, a global private asset manager, is pleased to announce that Managing Director John Breckenridge will be the global leader of the firm’s Clean Energy & Infrastructure (CEI) investment business. John is based in the firm’s New York office.

Mr. Breckenridge has been with Capital Dynamics and has been a leader of the CEI team since January 2014. He has over 30 years of experience in clean energy, private equity and operations management. Prior to joining Capital Dynamics, Mr. Breckenridge was a managing partner at Bregal Energy, where he concentrated on power generation and natural gas-focused investments. He also spent six years as a partner at CCMP Capital (formerly JPMorgan Partners) in New York and Tokyo, investing in energy and industrial opportunities. His operational experience includes leadership positions at Densei Lambda KK, Invensys, Exide Electronics, AT&T and Stratfor-Facom SA.

“We are pleased with this advancement of John’s leadership role at the firm,” said Thomas Kubr, Founder, Managing Director and Chairman of the Board of Capital Dynamics. “He’s a proven investor and strong leader – the right person to lead our CEI team as it works to continue targeting attractive returns for our investors in this compelling investment area.”

“John’s leadership and investment experience have been evident since he joined the firm, helping us win new investment mandates, maximize value for our investors and secure promising new CEI investments,” said Stefan Ammann, CEO of Capital Dynamics. “We look forward to his continued contributions.”

As part of Capital Dynamics’ continuous efforts to ensure its business is optimized to meet its clients’ investment objectives, the firm has closed its Brisbane office, effective 1 May 2015. In addition, with the most recent clean energy fund fully invested, David Scaysbrook and Rory Quinlan have chosen to pursue new opportunities outside the firm. The CEI team will continue its clean energy and infrastructure investment strategy and intends to make investments in this area globally, led by Mr. Breckenridge and a core team of experienced professionals.

“The last 16 months have been exciting, with many promising investments made and milestones successfully met,” said Mr. Breckenridge. “Looking forward, deal flow and investor interest in clean energy infrastructure is strong, and we have a team well positioned to take advantage of this compelling market. I’m thrilled to be leading the execution of our CEI investment strategy for the benefit of our investors.”

Capital Dynamics’ Clean Energy and Infrastructure team
Capital Dynamics’ CEI team holds extensive expertise in investing, financing, owning and operating conventional and clean energy businesses globally. Established to capture attractive investment opportunities in this class of real assets, Capital Dynamics’ CEI mandate is to invest directly in proven clean energy technologies – such as solar, wind, biomass, conventional cogeneration and waste gas fueled power generation – across the globe. Since the establishment of Capital Dynamics’ CEI business, the CEI team has acquired, built and now manages more than 1560 MW of clean energy capacity in North America, Europe and Australia.

Capital Dynamics
Capital Dynamics is an independent, global asset manager, investing in private equity and clean energy infrastructure. It is client-focused, tailoring solutions to meet investor requirements. It manages investments through a broad range of products and opportunities, including separate account solutions, investment funds and structured private equity products. Capital Dynamics currently has USD 19 billion in assets under management/advisement1.

The firm’s history dates to 1988. Its senior investment professionals average over 20 years of investing experience across the private equity spectrum2. It believes that its experience and culture of innovation give it superior insight and help it deliver returns for its clients. It invests locally while operating globally from its London,New York, Zug, Beijing*, Tokyo, Hong Kong, Silicon Valley, Munich, Birmingham, Seoul, and Scottsdale offices. More information about Capital Dynamics is available at www.capdyn.com.

1Capital Dynamics comprises Capital Dynamics Holding AG and its affiliates; assets under management/advisement, as of September 30, 2014, include assets under discretionary management, advisement (non-discretionary), and administration across all Capital Dynamics affiliates. Investments are primarily on behalf of funds managed by Capital Dynamics. 2Average years of experience held by Capital Dynamics’ 20 most-senior investment professionals. *Diligence Capital is a legally separate company operating under a strategic cooperation with Capital Dynamics.

Forward Looking Statements
Some of the information in this release contains expectations as to future events or other forward-looking statements. You can identify forward looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could,” “may” or “might”, the negative of such terms or other similar expressions. Such statements are only predictions and actual events or results may differ materially. Capital Dynamics does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in this release, including, among others, general economic conditions, the competitive environment, rapid regulatory, technological and market change in the industry in which Capital Dynamics operates, as well as many other risks specifically related to Capital Dynamics and its affiliates.

Written by asiafreshnews

May 11, 2015 at 4:22 pm

Posted in Uncategorized

Winona Capital Invests In Diono(R) To Fuel Growth And Innovation

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— Industry Leader in Juvenile Travel Products Category Continues Development of Brand and Safety Innovations through New Partnership

CHICAGO and SEATTLE, /PRNewswire/ — Winona Capital and Diono announced today that Winona Capital, a Chicago-based private equity firm, has made a strategic, controlling investment in Diono, a leader in safe, innovative and high-quality juvenile products. The new partnership will allow Diono to continue developing new products and innovations that set the standard for safety within the industry.

Logo – http://photos.prnewswire.com/prnh/20150507/214675LOGO

“Diono is excited for this new chapter in our history. We’ve been innovators from day one, and we will continue to bring consumers great products for parents and children that make travel safe and easy,” stated Brad Keller, President of Diono. “Through our partnership with Winona Capital, Diono will increase its efforts in product development and distribution to bring a wider range of safe, sensible and stylish products to consumers around the world.”

“Diono has shown great leadership in developing products that keep children safe, and they have an impressive safety track record as a result,” said Jason Starr, a Principal at Winona Capital. “We are honored to partner with Brad and his team to help Diono grow and continue its mission of safe travel for children.”

ROTH Capital Partners served as exclusive financial advisor to Diono in the transaction.

About Diono
Diono provides families safe and enjoyable travel experiences with award-winning products. With more than a decade of experience, Diono continues a heritage of excellence that includes more than 100 International Awards from industry and consumer groups for safety and thoughtful design of car seats and travel accessories. Diono is headquartered in Seattle with six worldwide offices located in Canada, Germany, the United Kingdom,France, Hong Kong and China. For more information, please visit www.diono.com

About Winona Capital
Winona Capital provides acquisition and growth capital to consumer goods and services businesses in the lower middle market. Winona partners with high-energy, passionate executives who have a shared focus on building great brands with sustained growth over long-term investment horizons. Winona Capital manages more than$300 million on behalf of its family office and institutional investors. For more information, please visitwww.winonacapital.com.

Source: Diono

Written by asiafreshnews

May 11, 2015 at 4:12 pm

Posted in Uncategorized

Micrel Launches Ultra-Small Dual Input, 3A Power ORing Smart Switch Saving Valuable Board Space

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SAN JOSE, Calif., May 7, 2015 /PRNewswire/ — Micrel, Inc. (Nasdaq:MCRL), an industry leader in high performance linear and power solutions, LAN and timing and communications solutions, today introduced the MIC1344, a 3A power ORing smart switch offered in a small 2mm x 2mm QFN package. The MIC1344 targets handheld devices and systems powered from multiple sources such as wall adapters and auxiliary battery power sources. It is also ideal for applications that require a diode OR function between two input power sources. The MIC1344 is available in volume quantity with 1,000 quantities pricing starting at $2.33. Samples can be ordered online at: https://www.samplecomponents.com/scripts/samplecenter.dll?micrel

“The MIC1344 power ORing switch is designed to reduce heat by minimizing voltage drop across the power switch. It saves valuable board space which remains crucial in the design of mobile devices,” noted Brian Hedayati, vice president of marketing for high performance linear and power solutions at Micrel. “To increase design flexibility the device also offers programmable current-limit for each channel, automatic or manual input selection and four status outputs.”

The device provides a power ORing for two power sources from 2.8V to 5.5V. The MIC1344 connects either input A or input B to the output using very low-on resistance power MOSFETs. The power MOSFETs serve as monolithic ORing diodes. The power MOSFETs drop significantly less forward voltage than diodes and help conserve power while increasing voltage headroom which is critical for low voltage battery equipped systems. The key protection features are output-to-input and input-to-input current blocking and built in thermal shutdown. The MIC1344 is fully specified from -40ºC to +125°C. The device is available in a 12-pin, 2mm x 2mm Thin QFN package.

About Micrel, Inc.
Micrel, Inc. is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company’s products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, MEMS-based clock oscillators and crystal-less clock generators, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities are located in San Jose, CA, with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: http://www.micrel.com.

Source: Micrel, Inc.
Related stocks: NASDAQ-NMS:MCRL

Written by asiafreshnews

May 11, 2015 at 3:36 pm

Posted in Computer

New Technology Allows Accuracy in the Treatment of Cancer Never Achieved Before

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WIENER NEUSTADT, Austria, SALZBURG, Austria and REUTLINGEN, Germany, May 8, 2015 /PRNewswire/ —

An innovative system for accurate patient positioning already received attention at its market launch in 2014. Now the first of these systems has been commissioned at MedAustron, an Austrian Center for Ion Beam Therapy, and will there be used clinically for the first time. Cancer patients can be positioned better than ever before and will thus be able to receive pin-point accuracy radiation treatments.

To guarantee a successful Ion Beam treatment – a particularly accurate and effective form of radiation therapy – it is essential to position the patient accurately in relation to the radiation beam and to permanently observe and – if necessary – adapt the patient position during the whole treatment session.

MedAustron will be the first Ion Beam Therapy Center worldwide to use completely new medical systems for these tasks: the exacure system of BEC GmbH (Reutlingen, Germany) as well as the Imaging Ring of medPhoton (Salzburg, Austria). Both systems meet the special requirements for Ion Beam Therapy and ensure the highest degree of patient safety. Together they allow for highly accurate and efficient treatments.

A custom-modified industrial robot, designed and adapted for medical use, is the core of the exacure-system. Its most distinctive feature is the ceiling mount, which allows for movement in seven independent degrees of freedom. The robot can not only be positioned in all three dimensions and six degrees of freedom, but can also be moved along the ceiling towards and away from the beam nozzle in order to further improve flexibility of patient positioning. Another advantage of the ceiling-mounted system is the integrated optical tracking system: it monitors the treatment couch position 500 times per second and applies corrections in real time, if necessary, to ensure optimal treatment results.

The so-called Imaging Ring System (IRS) verifies the correct position of the patient prior to irradiation in order to treat the patient with highest possible accuracy. The IRS is integrated into the patient couch and allows very fast three-dimensional Cone Beam-CT imaging. The CT images are compared with the CT image set used for treatment planning. Any necessary corrections can be executed by the exacure robot immediately. This procedure guarantees that the tumour is irradiated exactly as planned by the physicians. The IRS – which has already received multiple technology awards – features a flat panel detector and an x-ray tube, assembled in such a way that they can be moved independently, thereby previously unreachable acquisition speed, field-of-view and image quality can be achieved and make the IRS the gold standard for image guided particle therapy.

“The unprecedented combination of these new systems at MedAustron provide unique accuracy, speed as well as image quality for radiation therapy, unparalleled in the areas of medical robotics and imaging. We are very proud to have engineered this highly innovative solution together with our partners BEC and medPhoton, establishing new standards in Ion Therapy,” commented Dr. Bernd Mößlacher, CEO of MedAustron, after the successful acceptance of the systems.

“Accurately irradiating a tumor while sparing the surrounding healthy tissue calls for the ultimate solution in patient positioning technology. Transferring technology from industrial applications to medical robotics was a key factor to successfully develop the exacure system. Our congratulations go to MedAustron for this unique and innovative treatment center,” said Matthias Buck, CEO of BEC GmbH.

“After years of pioneering work in the field of image guided radiation therapy, we are very pleased that patients in Ion Bean Therapy will also benefit from robot-controlled positioning combined with unique image guidance,” Heinz Deutschmann, CEO of medPhoton GmbH, added.

http://www.medaustron.at

http://www.b-e-c.de

http://www.medphoton.at

Dislaimer

The medPhoton Imaging Ring has not been cleared by the US Food and Drug Admininstration (FDA) for commercial distribution in the US and is not available for commercial distribution at this time.

Press Contact
Petra Wurzer
petra.wurzer@medaustron.at
+43-2622-26-100 – 111

Source: EBG MedAustron GmbH

Written by asiafreshnews

May 11, 2015 at 2:34 pm

Posted in Healthcare

CWT Listed on Forbes Global 2000 Biggest Public Companies

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SINGAPORE /PRNewswire/ — CWT Limited (“CWT” or the “Group”) today announced that it has been listed on the just released Forbes Global 2000 biggest public companies for 2015. The Forbes Global 2000 is a comprehensive list of the world’s largest, most powerful public companies with the top composite scores based on their rankings for revenues, profits, assets and market value. CWT is among 200 debutantes to this year’s Global 2000 and ranked #1926 in the overall listing. The full Forbes Global 2000 list can be found athttp://www.forbes.com/global2000/list/.

“It is truly rewarding for CWT to be ranked alongside the world’s best public companies,” said CWT Group CEOLoi Pok Yen. “Our dedicated workforce and resilient operating model have produced a compounded annual growth rate on operating profits of 49% whilst returning 972% of shareholder investment over a decade. I congratulate and thank all our employees, shareholders and stakeholders who made this success possible.”

CWT is focused on creating better supply chain and opportunities for world trade. It operates an integrated business structure with logistics at the core of its global activities and supports a diverse worldwide customer base through its regional offices and network of service partners. The Group’s reportable segments include Logistics Services, Commodity Marketing, Financial Services and Engineering Services.

CWT recently expanded its wine storage business by extending coverage from wine merchants to private wine collectors under the Singapore Wine Vault brand. In addition, CWT is building a 2.4 million sq. ft. mega logistics hub which will further strengthen its solid warehousing infrastructure and support increasing regional hub distribution activities led by the future growth of E-commerce in Asia.

In February, CWT reported record earnings for financial year 2014. The Group posted revenue of S$15.2 billion, gross profit of S$330.8 million and net operating profit after tax of S$113.2 million; up 67%, 13% and 15% year-on-year respectively. It also raised its final dividend by 14% to 4 cents per ordinary share.

CWT is scheduled to release its first quarter 2015 results on May 14, 2015 after trading hours.

About CWT

CWT is a leading provider of integrated logistics and supply chain solutions. Our business is about connecting world trade. We move, build and power customers’ supply chain forward. We combine our logistics capabilities, global network and resources to add value for customers. CWT Group also provides commodity marketing, financial and engineering services ancillary to its core logistics business. For more information, visitwww.cwtlimited.com.

For more information, contact:

CWT Limited

Lynda GOH  

Johan LIM

Deputy Group CEO & Group CFO  

Senior Manager, Corporate Communications

Tel: (65) 6307 8338

Tel: (65) 6307 8018

Fax: (65) 6261 2373  

Fax: (65) 6261 2373

Email: shlynda@cwtlimited.com 

Email: cbjohan@cwtlimited.com

Logo – http://photos.prnasia.com/prnh/20150508/8521502976LOGO

Source: CWT Limited

Written by asiafreshnews

May 11, 2015 at 12:28 pm

Posted in Uncategorized